Egypt has emerged as the leading new supplier on the continent, with 609,000 tons delivered between April and June, followed by Algeria with 245,000 tons and Nigeria with 244,000 tons. The bypassing of Gulf maritime routes preserves the activity of the 33 assembly plants in the Indian peninsula, which are unable to meet the 20% deficit in national demand despite a local capacity of 26.9 million tons. The surge in maritime transport costs has driven the price of a 45-kilogram bag from $30 to $45, prompting the Ministry of Fertilizers to increase the public subsidy line from $18.6 billion to $37.1 billion to stabilize the production costs of farmers.

The increase in maritime shipments from the ports of Alexandria and Port Harcourt offers solvent outlets to African chemical giants. The signing of long-term delivery contracts consolidates the financial balance of the continent's petrochemical complexes. The entry of new exporters into the Asian market reduces the volatility of global nitrogen prices.

Privileged access to a 19-million-ton urea import market stimulates investment in fertilizer production capacity in Africa. The growth of transoceanic trade exchanges enhances the value of natural gas deposits used as raw materials for the manufacture of agricultural inputs. The expansion of the continental agrochemical sector supports a regional market valued at $12.21 billion for local farms.


Bernardo

Tags: afrique engrais inde -commerce transport maritime agriculture chimie exportation importation marche mondial